Netherlands: Budget Day and tax measures for 2022
Corporate and individual income tax proposals as well as indirect and value added tax (VAT) provisions
Corporate and individual income tax proposals as well as indirect and VAT provisions
The government on Budget Day (21 September 2021) submitted to the lower house of Parliament the “Tax Plan” containing the tax measures for 2022.
There are corporate and individual income tax proposals as well as indirect and value added tax (VAT) provisions—including a simplified “one counter” system for e-commerce, real estate transfer tax relief for first-time buyers, and environmental tax measures—included in the Tax Plan for 2022.
With regard to corporate income tax, the proposals concern or address:
- Mismatches in non-arm’s length transfer pricing
- An announcement that consequences of Supreme Court judgment on concurrence of holding company losses and fiscal unity will be repaired by means of a “Memorandum of Amendment.”
- Setting off foreign taxes in instances of multiple controlled entities
- Introduce taxpayer status measure for reverse hybrid entities
- Expanded scope of hybrid mismatch measures, to apply to mismatches with natural persons.
Read a September 2021 report [PDF 128 KB] prepared by the KPMG member firm in the Netherlands that provides a two-page overview of the tax measures
Read a September 2021 report [PDF 461 KB] prepared by the KPMG member firm in the Netherlands that provides more details about the tax measures
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.